2 unchanged sentences
We are exposed to interest rate risk in the ordinary course of our business.
−Removed: As of March 31, 2025, we had cash, cash equivalents and investments in marketable securities of $314.2 million.
+Added: As of June 30, 2025, we had cash, cash equivalents and investments of $274.9 million.
Foreign Currency Exchange Risk
7 unchanged sentences
Adjustments that arise from exchange rate changes on transactions denominated in a currency other than the functional currency are included in other income (expense), net in the condensed consolidated statements of operations and comprehensive loss as incurred.
−Removed: Realized foreign currency transaction gains (losses) were immaterial for the three months ended March 31, 2025.
+Added: Realized foreign currency transaction gains (losses) were immaterial for the three and six months ended June 30, 2025.
We do not currently engage in currency hedging activities in order to reduce our currency exposure, but we may begin to do so in the future.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.